Acoustic Insulation Market Share

North American Market Statistics

The North American market is poised to dominate 36% revenue share by 2037. The growing construction sector in the region with increasing investments in building commercial and residential complexes is driving the  acoustic insulation market growth. The total expenditure of the U.S. in the construction sector as of 2023 was reported to be more than USD 1800 billion. Rising infrastructural development projects to enhance the property value and improve the economic standards of the region are estimated to hike market growth. In addition to this, the increasing need for the reduction of sound to create privacy in buildings, retail, offices, cinemas, gyms, and other entertainment hubs with rapid urbanization in the region is also boosting industry size in the region.

European Market Forecast

Furthermore, the market in the European region is anticipated to hold a significant revenue till 2037, owing to the rising number of manufacturing industries and shipbuilding industries. The insulation in the ships is used to regulate heat and reduce sound from the water, engines, and other disturbances from the environment. Also, insulation in the cruise ships enhances the aesthetic appearance thereby raising the demand for acoustic insulation in the region. As of 2022, the production value of the Europe shipbuilding sector per year was estimated to be over USD 40 billion.